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LOANS (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of Loans Loans as of March 31, 2022, and December 31, 2021, were as follows, in thousands:
March 31, 2022December 31, 2021
Loans receivable held to maturity:  
Commercial and industrial$2,814,513 $2,645,085 
Paycheck Protection Program ("PPP")74,065 199,883 
Owner occupied commercial real estate2,266,076 2,240,334 
Non-owner occupied commercial real estate2,161,761 2,010,591 
Real estate construction842,483 856,119 
Agricultural and agricultural real estate766,443 753,753 
Residential real estate825,242 829,283 
Consumer426,802 419,524 
Total loans receivable held to maturity10,177,385 9,954,572 
Allowance for credit losses(100,522)(110,088)
Loans receivable, net$10,076,863 $9,844,484 
Allowance for Loan and Lease Losses, Based on Impairment Methodology
The following table shows the balance in the allowance for credit losses at March 31, 2022, and December 31, 2021, and the related loan balances, disaggregated on the basis of measurement methodology, in thousands. If a loan no longer shares similar risk characteristics with other loans in the pool, it is evaluated on an individual basis and is not included in the collective evaluation. Lending relationships with $500,000 or more of total exposure and are on nonaccrual are individually assessed using a collateral dependency calculation. All other loans are collectively evaluated for losses.
Allowance For Credit LossesGross Loans Receivable Held to Maturity
Individually Evaluated for Credit LossesCollectively Evaluated for Credit LossesTotalLoans Individually Evaluated for Credit LossesLoans Collectively Evaluated for Credit Losses Total
March 31, 2022
Commercial and industrial$2,956 $22,844 $25,800 $13,503 $2,801,010 $2,814,513 
PPP — — — — 74,065 74,065 
Owner occupied commercial real estate37 17,938 17,975 9,284 2,256,792 2,266,076 
Non-owner occupied commercial real estate506 15,507 16,013 12,244 2,149,517 2,161,761 
Real estate construction31 21,366 21,397 2,015 840,468 842,483 
Agricultural and agricultural real estate80 2,587 2,667 9,594 756,849 766,443 
Residential real estate— 7,875 7,875 863 824,379 825,242 
Consumer— 8,795 8,795 — 426,802 426,802 
Total$3,610 $96,912 $100,522 $47,503 $10,129,882 $10,177,385 
Allowance For Credit LossesGross Loans Receivable Held to Maturity
Individually Evaluated for Credit LossesCollectively Evaluated for Credit LossesTotalLoans Individually Evaluated for Credit LossesLoans Collectively Evaluated for Credit Losses Total
December 31, 2021
Commercial and industrial$4,562 $23,176 $27,738 $13,551 $2,631,534 $2,645,085 
PPP— — — — 199,883 199,883 
Owner occupied commercial real estate105 19,109 19,214 8,552 2,231,782 2,240,334 
Non-owner occupied commercial real estate610 17,298 17,908 12,557 1,998,034 2,010,591 
Real estate construction— 22,538 22,538 — 856,119 856,119 
Agricultural and agricultural real estate2,369 2,844 5,213 13,773 739,980 753,753 
Residential real estate— 8,427 8,427 855 828,428 829,283 
Consumer— 9,050 9,050 — 419,524 419,524 
Total$7,646 $102,442 $110,088 $49,288 $9,905,284 $9,954,572 
Schedule of Financing Receivable Credit Quality Indicators
The following table summarizes, in thousands, the carrying amount of HTLF's held to maturity debt securities by investment rating as of March 31, 2022 and December 31, 2021, which are updated quarterly and used to monitor the credit quality of the securities:
March 31, 2022December 31, 2021
Rating
AAA$3,294 $3,265 
AA, AA+, AA-54,944 61,471 
A+, A, A-18,626 15,034 
BBB4,921 4,939 
Not Rated— — 
Total $81,785 $84,709 
The following tables show the risk category of loans by loan category and year of origination as of March 31, 2022, and December 31, 2021, in thousands:
As of March 31, 2022Amortized Cost Basis of Term Loans by Year of Origination
202220212020201920182017 and PriorRevolvingTotal
Commercial and industrial
Pass$282,325 $563,865 $321,463 $142,201 $82,846 $490,118 $771,746 $2,654,564 
Watch 1,133 12,201 10,346 9,644 6,049 3,309 28,376 71,058 
Substandard 2,512 14,886 5,700 12,662 7,939 16,922 28,270 88,891 
Commercial and industrial total$285,970 $590,952 $337,509 $164,507 $96,834 $510,349 $828,392 $2,814,513 
PPP
Pass$— $60,429 $4,463 $— $— $— $— $64,892 
Watch— 1,797 31 — — — — 1,828 
Substandard— 7,326 19 — — — — 7,345 
PPP total $— $69,552 $4,513 $— $— $— $— $74,065 
Owner occupied commercial real estate
Pass$186,033 $896,361 $312,517 $306,341 $148,493 $275,086 $20,300 $2,145,131 
Watch2,944 6,266 17,523 6,524 8,556 10,802 35 52,650 
Substandard3,373 11,363 9,387 12,087 3,553 26,782 1,750 68,295 
Owner occupied commercial real estate total$192,350 $913,990 $339,427 $324,952 $160,602 $312,670 $22,085 $2,266,076 
Non-owner occupied commercial real estate
Pass$238,611 $602,044 $257,093 $330,145 $211,111 $286,939 $31,114 $1,957,057 
Watch206 2,757 11,098 26,639 20,512 38,483 — 99,695 
Substandard2,807 12,768 9,148 20,609 1,821 57,856 — 105,009 
Non-owner occupied commercial real estate total$241,624 $617,569 $277,339 $377,393 $233,444 $383,278 $31,114 $2,161,761 
Real estate construction
Pass$117,525 $378,301 $149,415 $98,294 $14,036 $9,362 $15,009 $781,942 
Watch — 3,058 1,033 — 44,468 3,697 13 52,269 
Substandard— 2,548 49 486 5,098 91 — 8,272 
Real estate construction total$117,525 $383,907 $150,497 $98,780 $63,602 $13,150 $15,022 $842,483 
Agricultural and agricultural real estate
Pass$72,343 $195,360 $97,315 $45,549 $29,107 $49,812 $215,800 $705,286 
Watch421 3,694 5,630 2,051 2,002 2,739 3,126 19,663 
Substandard880 7,186 943 3,747 14,517 8,633 5,588 41,494 
Agricultural and agricultural real estate total$73,644 $206,240 $103,888 $51,347 $45,626 $61,184 $224,514 $766,443 
Residential real estate
Pass$59,105 $303,926 $78,252 $46,766 $44,833 $246,933 $23,456 $803,271 
Watch— 484 157 736 1,435 6,915 — 9,727 
Substandard101 2,036 385 42 1,984 7,696 — 12,244 
Residential real estate total $59,206 $306,446 $78,794 $47,544 $48,252 $261,544 $23,456 $825,242 
Consumer
Pass$17,097 $59,774 $17,754 $11,299 $7,365 $26,551 $279,886 $419,726 
Watch3 472 73 332 366 664 1,784 3,694 
Substandard31 222 306 161 248 2,005 409 3,382 
Consumer total$17,131 $60,468 $18,133 $11,792 $7,979 $29,220 $282,079 $426,802 
Total Pass$973,039 $3,060,060 $1,238,272 $980,595 $537,791 $1,384,801 $1,357,311 $9,531,869 
Total Watch4,707 30,729 45,891 45,926 83,388 66,609 33,334 310,584 
Total Substandard 9,704 58,335 25,937 49,794 35,160 119,985 36,017 334,932 
Total Loans$987,450 $3,149,124 $1,310,100 $1,076,315 $656,339 $1,571,395 $1,426,662 $10,177,385 
As of December 31, 2021Amortized Cost Basis of Term Loans by Year of Origination
202120202019201820172016 and PriorRevolvingTotal
Commercial and industrial
Pass$604,659 $359,533 $203,960 $89,694 $171,709 $330,094 $708,525 $2,468,174 
Watch 10,633 12,790 12,550 8,210 3,611 14,976 24,626 87,396 
Substandard 19,888 6,391 13,050 8,535 6,619 12,052 22,980 89,515 
Commercial and industrial total$635,180 $378,714 $229,560 $106,439 $181,939 $357,122 $756,131 $2,645,085 
PPP
Pass$146,370 $25,707 $— $— $— $— $— $172,077 
Watch10,726 127 — — — — — 10,853 
Substandard16,932 21 — — — — — 16,953 
PPP total $174,028 $25,855 $— $— $— $— $— $199,883 
Owner occupied commercial real estate
Pass$940,043 $328,052 $315,497 $180,936 $115,142 $189,647 $34,233 $2,103,550 
Watch4,676 13,956 7,759 10,501 15,032 6,830 35 58,789 
Substandard11,958 20,769 13,734 2,809 13,912 13,063 1,750 77,995 
Owner occupied commercial real estate total$956,677 $362,777 $336,990 $194,246 $144,086 $209,540 $36,018 $2,240,334 
Non-owner occupied commercial real estate
Pass$609,968 $263,093 $315,815 $236,823 $152,059 $166,792 $28,728 $1,773,278 
Watch4,754 9,109 35,496 29,227 4,865 35,901 — 119,352 
Substandard15,722 10,612 21,798 3,599 14,023 51,766 441 117,961 
Non-owner occupied commercial real estate total$630,444 $282,814 $373,109 $269,649 $170,947 $254,459 $29,169 $2,010,591 
Real estate construction
Pass$381,283 $206,879 $169,606 $14,197 $7,163 $7,823 $14,507 $801,458 
Watch 2,704 858 2,145 44,846 — — 14 50,567 
Substandard— 50 46 3,944 — 54 — 4,094 
Real estate construction total$383,987 $207,787 $171,797 $62,987 $7,163 $7,877 $14,521 $856,119 
Agricultural and agricultural real estate
Pass$217,179 $102,030 $47,927 $32,913 $22,029 $35,548 $220,065 $677,691 
Watch4,018 10,390 4,688 2,270 33 2,038 2,948 26,385 
Substandard9,250 1,095 4,910 15,825 3,212 8,859 6,526 49,677 
Agricultural and agricultural real estate total$230,447 $113,515 $57,525 $51,008 $25,274 $46,445 $229,539 $753,753 
Residential real estate
Pass$311,292 $86,355 $50,762 $53,773 $43,619 $230,566 $29,017 $805,384 
Watch3,928 1,499 750 1,452 734 1,977 1,000 11,340 
Substandard2,528 444 410 2,317 1,139 5,721 — 12,559 
Residential real estate total $317,748 $88,298 $51,922 $57,542 $45,492 $238,264 $30,017 $829,283 
Consumer
Pass$69,172 $20,258 $13,051 $9,001 $10,986 $18,202 $271,034 $411,704 
Watch555 309 392 373 113 591 2,210 4,543 
Substandard267 204 218 236 363 1,611 378 3,277 
Consumer total$69,994 $20,771 $13,661 $9,610 $11,462 $20,404 $273,622 $419,524 
Total Pass$3,279,966 $1,391,907 $1,116,618 $617,337 $522,707 $978,672 $1,306,109 $9,213,316 
Total Watch41,994 49,038 63,780 96,879 24,388 62,313 30,833 369,225 
Total Substandard 76,545 39,586 54,166 37,265 39,268 93,126 32,075 372,031 
Total Loans$3,398,505 $1,480,531 $1,234,564 $751,481 $586,363 $1,134,111 $1,369,017 $9,954,572 
Past Due Financing Receivables
The following table sets forth information regarding accruing and nonaccrual loans at March 31, 2022, and December 31, 2021, in thousands:
Accruing Loans
30-59
Days
Past Due		60-89
Days
Past Due		90 Days or
More
Past Due		Total
Past
Due		CurrentNonaccrualTotal Loans
March 31, 2022
Commercial and industrial$3,786 $225 $246 $4,257 $2,792,688 $17,568 $2,814,513 
PPP— — — — 74,046 19 74,065 
Owner occupied commercial real estate517 23 — 540 2,254,044 11,492 2,266,076 
Non-owner occupied commercial real estate1,099 — — 1,099 2,147,671 12,991 2,161,761 
Real estate construction332 — — 332 839,754 2,397 842,483 
Agricultural and agricultural real estate2,051 282 — 2,333 752,664 11,446 766,443 
Residential real estate991 139 — 1,130 817,174 6,938 825,242 
Consumer659 139 — 798 424,681 1,323 426,802 
Total gross loans receivable held to maturity$9,435 $808 $246 $10,489 $10,102,722 $64,174 $10,177,385 
December 31, 2021
Commercial and industrial$1,024 $183 $541 $1,748 $2,625,109 $18,228 $2,645,085 
PPP— — — — 199,883 — 199,883 
Owner occupied commercial real estate130 — — 130 2,229,054 11,150 2,240,334 
Non-owner occupied commercial real estate3,929 — — 3,929 1,993,346 13,316 2,010,591 
Real estate construction238 50 — 288 855,463 368 856,119 
Agricultural and agricultural real estate687 — — 687 737,380 15,686 753,753 
Residential real estate767 46 9 822 819,294 9,167 829,283 
Consumer251 57 — 308 417,762 1,454 419,524 
Total gross loans receivable held to maturity$7,026 $336 $550 $7,912 $9,877,291 $69,369 $9,954,572